Post-Mortem Debt Collection
1 hour 30 minutes
Learn to successfully prosecute the creditor's claims, avoid the minefield in probate court, and identify proper parties and heirs to negotiate with.
As America’s aging population has more complicated financial portfolios and is getting savvier in trying to protect their assets post-death, post-mortem litigation has been on the rise. Debtors prepare asset protection trusts and/or estate planning instruments to protect their spouses or heirs from creditors. What can or should creditors do to protect themselves from debtors who are increasingly becoming sophisticated about wealth transfer and asset protection devices? This topic will arm you with the information necessary to timely and effectively prosecute the creditor’s claims, avoid the minefield in probate court, and identify proper parties and heirs to negotiate with.
• You will be able to identify the impact of the debtor’s death.
• You will be able to describe how to file a claim in probate.
• You will be able to explain obligations of spouses, heirs, and trusts.
• You will be able to recognize the Fair Debt Collection Practices Act.